Oracle reaffirms its forecast of $65 billion in revenue by FY 2026
Projected 8% revenue growth for fiscal 2024 excluding Cerner, or 7% including Cerner
Non-GAAP operating margin for FY 2024 expected to reach 43%
Oracle CEO sees stock selloff as an opportunity to repurchase shares
Demand for capacity in the company’s cloud computing business remains strong
Oracle has multiple billion-dollar customers and offers AI training at lower prices than competitors
There is a shortage of GPU chips for Oracle’s cloud computing expansion